Here is an article by Aseem Shrivastava, who suggests that there is a grimmer lesson to be learnt from China than the corporate flunkies would have us believe. Turning Mumbai into Shanghai? More like turning Nandigram into Shenzen…
SEZS: Behind the Curtain
By ASEEM SHRIVASTAVA
“Few cities anywhere have created wealth faster than Shenzhen, but the costs of its phenomenal success stare out from every corner: environmental destruction, soaring crime rates and the disillusionment and degradation of its vast force of migrant workers”
–“Chinese Success Story Chokes on Its Own Growth”
The New York Times, December 19, 2006.
Within the short span of a few decades China has become the envy of the world. Corporate managers across the globe lose sleep worrying about “the China price”. Real wages and working conditions rivaling those of industrializing, pauperizing Britain two centuries ago have enabled the country to leave far behind any global competitor who has to worry about such inconvenient matters as labor laws and environmental regulations. Thus has accelerated the inter-national race to the bottom that has generated fear since the early days of this phase of corporate globalization. The labor force in the global economy doubled overnight in the early 1990s (from 1400 to 2900 million) when China, India and the Eastern Bloc nations joined it after the fall of the Berlin Wall, under Bush I’s “New World Order.” If real wages and the share of wages in national income have fallen sharply in recent times, and if inequalities have risen dramatically at the same time, the answer to the riddle lies in this quiet accretion, cashed in on by China-based corporations who have set the pace. The logic of capital has inveigled the entire world into a race of totalitarianisms–which inevitably enrich the few and pauperize the many in
